Computer, electronic devices manufacturing grows in GCC

The GCC computer and electronic products manufacturing industry has achieved significant growth in the past few years, with the compound annual growth rate (CAGR) posting 4.8 per cent since 2011, a report said. The private sector’s contribution was significant in meeting the growing demands on these products, the Gulf Organization for Industrial Consulting (GOIC) report said. The sector has grown in value from an estimated $395 million in 2011 to $476 million in 2015, it said.Gulf is considered a large consumer market for computer and electronic products, with the sector’s imports doubling during the period between 2007 and 2015. The compound annual growth rate reached 12.5 per cent and the import value was estimated at $37.5 billion in 2015 compared to $14.6 billion in 2007.

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